Wednesday, October 23, 2019

NATIONAL RETAIL NEWS

US retail sales fell for the first time in 7 months in September, the Commerce Department said. Sales dropped 0.3% last month as households slashed spending on building materials, online purchases, and automobiles. The decline was the first since February. Compared to September last year, retail sales increased by 4.1%. See sales reports on Page 4...Simon Property Group has announced an agreement with online shopping site Rue Gilt Groupe to create a multi-platform venture dedicated to online shopping from its outlets. Simon operates 89 outlet centers.

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